Stocks in classic defensive sectors such as consumer staples, healthcare, and utilities, tend to outperform ahead of the final rate hikes, along with energy...
While hopes for a pivot by Federal Reserve policy makers away from aggressive rate increases appeared to once again be a mirage, investors remain eager to know which stock-market sectors tend to perform best in the period leading up to the final increase of a rate-hike cycle, according to a top strategist at RBC Capital Markets.
All five of these areas have outperformed the S&P 500 SPX in 2022 on a year to date basis. They tended to perform the best within the major index in the six, three and one month periods before the final hikes in the past four Fed tightening cycles , Calvasina wrote. The S&P 500 is down 24.6% year to date, according to Dow Jones Market Data. Except the energy sector, which had jumped 46.4% year over year, all other sectors are trading deep in the red so far in 2022.
See: Why stock-market investors keep falling for Fed ‘pivot’ talk — and what it will take to put in a bottom
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Making the Biggest Moves in the Premarket: Ford, General Motors, Rivian and MoreThe stocks making the biggest moves in premarket trading include Ford, General Motors, Rivian, and more.
Read more »
Stocks in line for fourth day of losses amid Fed hiking gloomTrading was expected to be somewhat thinned by the Columbus and Indigenous People's Day holiday, which closed the Treasury market.
Read more »
Chinese Chip Stocks Tumble After U.S. Calls for New Curbs on High-End TechChinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems.
Read more »
Get ready for a stormy earnings season with these 12 stocks from Goldman and other strategists.Earnings season is almost upon us, and some stocks may have it worse than others. Hre are some ideas to ride out the coming earnings storm.
Read more »
Stocks Making the Biggest Moves Midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and MoreThese are the stocks posting the largest moves in midday trading.
Read more »
Column: Supply hits catch up with lead as LME stocks shrinkZinc smelter closures in Europe have grabbed the recent headlines but lead supply has also been taking a growing number of supply hits.
Read more »